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The FTSE 100 has edged back above the 7,000 mark, assisted by a handful of rising retailers that made up for Burberry’s worst day in a year.

The blue-chip index closed up 52.51 points or 0.76pc at 7,000.06. The index is now 12pc higher than it was at the start of the year.

The varying fortunes of British retailers were responsible for the many of the biggest risers and fallers. Burberry suffered the most, losing 7.2pc to close at £14.03 after its quarterly figures left investors with concerns about overseas demand.

The luxury brand’s shares hit their highest point in over a year last week, helped by the decline in sterling that has made its wares more attractive to foreign buyers, yet its outlook...